MarketBreakdown | EURUSD, USDCAD, AUDUSD, BITCOIN
Hey traders,
here is a brief technical outlook of 4 peculiar instruments on my watch list.
1️⃣ EURUSD - 3 days time frame 🇪🇺🇺🇸
The pair is trading in long-term bearish trend.
Lower highs and lower lows are perfectly respecting the boundaries of a major falling parallel channel.
The price is closer and closer to its resistance.
I believe that a strong bearish wave will initiate soon.
2️⃣ USDCAD - Daily time frame 🇺🇸🇨🇦
The market successfully broke and closed below a neckline of a double top pattern.
Retesting that, we see a positive bearish reaction.
I think that the pair will drop soon.
Wait for a confirmation to sell on lower time frames.
3️⃣ AUDUSD - 12H time frame 🇦🇺🇺🇸
I see signs of a bullish accumulation:
the pair formed an ascending triangle formation.
If the price breaks and closes above its resistance,
I believe that the market will bounce.
4️⃣ Bitcoin - 3 days time frame ₿
The market is approaching a major falling trend line.
If the price breaks and closes above that, the market will go much higher.
Being respected, however, BTC will drop.
If you are bearish, wait for a confirmation now to sell.
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